INSIDE MOVE: Troy Murphy, making his debut for the Nets, goes to the hoop against DeSagana Diop during last night's 85-83 loss to the Bobcats. Photo: Paul J. Bereswill for The New Yo

Jose Reyes’ future with the Mets isn’t guaranteed, but the team holds all the cards.

In Sandy Alderson’s first real player move as general manager, the Mets announced yesterday that they have exercised their $11 million option on Reyes for 2011, keeping the shortstop from becoming a free agent. The team had until today to reach a decision.

By picking up his option, the Mets could still trade Reyes if they choose. There is also the possibility the Mets will look to sign Reyes to a long-term deal.